Domestic stock indicators opened the week with a drop, affected by
bearish signs from Europe. After playing the results of EU summit, which caused
the day of rapid growth, profit fixation period started. Sales were enforced
with a negative outlook of OECD for economic growth in euro-zone and the USA,
by claim of Greece’s Premier-Minister concerning the referendum of a new
financial aid tranche package rendering. Inflation and European labor
statistics played for bears too. All shares of UX index basket suffered great
losses. Trade volume on the market of applications significantly decreased.
The USA investors took European problems to heart too. Quotations were accelerated
in their fall with the weak business activity statistics and bankruptcy of MF
Global – one of the largest brokerage holdings of America. The reason of
bankruptcy is great write-offs on investments to the European debt securities.
By analyst of IC IFG CAPITAL Alexey Sidorov, today the descending trends
will most likely be enforced. High tension is kept on the debt markets.
Superfluous banking reserves on ECB deposits are close to maximums, which
speaks for unwilling to render credits due to high risks. There is a chance of
default situation in Portugal, which looks like Greece’s one.
Herewith, market if very sensitive to claims of official representatives
before G20 summit, they may be rapid changes of short-term trends.
Following important statistics will be published today:
11:30 GDP of Great
Britain
16:00 Manufacturing
Index (ISM)
Asian indices demonstrate the different dynamics.
Chinese SSEC, Korean KOSPI increased by 0,07 %,
0,03 % respectively. Japanese
Nikkei lost 1,06%. EUR-USD exchange rate and Brent oil price strive to new local
minimums.
Russian RTS index opened the day on the negative
territory.
Negative external background was formed on the
opening.
The Futures for UX – UX-12.11. Technical analysis.
On the 4-houred timeframe the price is below the Parabolic indicator.
Oscillators formed the signs to sell.
The trend is lateral.
On the quarter timeframe the price placed above the Parabolic indicator.
Signs to buy prevail. The trend is bearish.
Analytical department of IC IFG CAPITAL forecasts
Futures and Index decrease by the end of trade session.
IC IFG CAPITAL, LLC
Alexey Sidorov
www.ik.ifgcapital.com.ua
